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Pitfalls of Makeup Strategies for Mitigating the Effective Lower Bound

Authors :
Levin, Andrew T.
Sinha, Arunima
Source :
The Cato Journal. Spring-Summer, 2020, Vol. 40 Issue 2, p493, 16 p.
Publication Year :
2020

Abstract

During the last U.S. recession in 2007-2009, the Federal Open Market Committee (FOMC) reduced the target federal funds rate by about 5 percentage points, and that target was maintained near [...]

Details

Language :
English
ISSN :
02733072
Volume :
40
Issue :
2
Database :
Gale General OneFile
Journal :
The Cato Journal
Publication Type :
Academic Journal
Accession number :
edsgcl.644278689
Full Text :
https://doi.org/10.36009/CJ.40.2.13